What happens if one of the heirs is a minor? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What happens if one of the heirs is a minor?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If one of the heirs is a minor, their share is not transferred or managed as if it were an adult's.

Key points

  • Guardianship rules apply, and legal representation or authorization may be required for certain transactions, depending on the circumstances.

  • Inform the bank of the minor's existence from the outset and submit the necessary guardianship or custody documents.

  • Do not attempt to expedite the process with a verbal agreement among the heirs, as this does not negate the minor's rights.

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